Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Ethereum (ETH/USD) is trading around $1,875, below the 200-day exponential moving average (EMA) and the 21-day simple moving average (SMA), in a bearish trend. ETH is expected to continue falling in the coming days until it reaches the Murray 6/8 level at around $1,750.
Since July 12, ETH has been under downward pressure below the 200-day EMA, as it has repeatedly attempted—but failed—to consolidate above $1,960.
Given that Ethereum is reaching technically overbought levels, we can expect ETH to reach $1,750 in the coming days and possibly even pull back toward the Murray 5/8 level, around $1,625.
As a result of a recovery in the coming hours, the price could reach the strong resistance zone at $1,963, so we will look for buying opportunities above $1,892 with targets at $1,963, and we might even expect it to reach the psychological level of $2,000.
The Eagle indicator has reached overbought levels and has been showing a negative signal since July 24. Therefore, should a technical rebound occur in the coming hours, we will look for opportunities to continue selling in the coming days.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
